2) Kidani Industries accepted a credit card sale for $76,000. The credit card company charges 2%. a. What is the entry for this transaction on the horizontal equation? b. What is the impact of collecting the payment from the credit card company? (Show the individual accounts impacted in the asset section) Assets = Liabilities + Stockholders' Equity Revenues Expenses = Net Income 3) Here are the inventory purchases and sales for Andapur Company: Inventory Layers Available for Sale: October 1 Beginning Inventory October 5 Purchased October 9 Purchased October 20 Purchased Retail Sale of Goods: October 30 Sold 42 units 29 @ $170 = $4,930 15 @ $180 = $2,700 6 @ $194 = $1,164 25 @ $201 = $5,025 a. What is Cost of Goods Sold using the LIFO method? b. What is Cost of Goods Sold using the FIFO method? c. What is Cost of Goods Sold using Weighted Average Cost method?